wework provides you with the space, community, and services you need to make a life, not just a living. we transform buildings into beautiful, collaborative workspaces and provide infrastructure, services, events and tech so our members can focus on doing what they love.
Company profile
Ticker
WEWKQ, WEWOW, WE
Exchange
Website
CEO
David M. Tolley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BowX Acquisition Corp.
SEC CIK
Corporate docs
IRS number
851144904
WEWKQ stock data
Latest filings (excl ownership)
NT 10-K
Notice of late annual filing
18 Mar 24
8-K
Regulation FD Disclosure
7 Mar 24
8-K
Regulation FD Disclosure
6 Feb 24
8-K
Entry into a Material Definitive Agreement
26 Dec 23
8-K
Departure of Directors or Certain Officers
5 Dec 23
25-NSE
Exchange delisting
22 Nov 23
8-K
Results of Operations and Financial Condition
21 Nov 23
NT 10-Q
Notice of late quarterly filing
13 Nov 23
8-K
Changes in Registrant's Certifying Accountant
13 Nov 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
9 Nov 23
Transcripts
WEWKQ
Earnings call transcript
2023 Q1
9 May 23
WEWKQ
Earnings call transcript
2022 Q4
16 Feb 23
WEWKQ
Earnings call transcript
2022 Q3
10 Nov 22
WEWKQ
Earnings call transcript
2022 Q2
6 Aug 22
WEWKQ
Earnings call transcript
2022 Q1
12 May 22
WEWKQ
Earnings call transcript
2021 Q4
11 Mar 22
WEWKQ
Earnings call transcript
2021 Q3
15 Nov 21
Latest ownership filings
3
Claudio Hidalgo
5 Dec 23
SC 13D/A
SB Global Advisers Ltd
8 Nov 23
SC 13D/A
SB Global Advisers Ltd
1 Nov 23
4
Anthony Yazbeck
20 Oct 23
4
Kurt Wehner
17 Oct 23
4
Kurt Wehner
19 Sep 23
144
Notice of proposed sale of securities
15 Sep 23
4
MITCHELL LASKY
17 Aug 23
4
Change in insider ownership
17 Aug 23
SC 13D/A
Benchmark Capital Management Co. VII, L.L.C.
17 Aug 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
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Operating income | ||||
Operating margin | ||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 239.00 mm | 239.00 mm | 239.00 mm | 239.00 mm | 239.00 mm | 239.00 mm |
Cash burn (monthly) | 22.33 mm | 32.75 mm | 130.67 mm | 159.17 mm | 82.00 mm | 57.92 mm |
Cash used (since last report) | 200.10 mm | 293.43 mm | 1.17 bn | 1.43 bn | 734.71 mm | 518.92 mm |
Cash remaining | 38.90 mm | -54.43 mm | -931.75 mm | -1.19 bn | -495.71 mm | -279.92 mm |
Runway (months of cash) | 1.7 | -1.7 | -7.1 | -7.5 | -6.0 | -4.8 |
Institutional ownership, Q2 2023
93.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 22 |
Opened positions | 11 |
Closed positions | 141 |
Increased positions | 5 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 1.65 bn |
Total shares | 1.97 bn |
Total puts | 0.00 |
Total calls | 673.76 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
SB Global Advisors | 1.86 bn | $827.01 mm |
Neumann Adam | 68.23 mm | $586.80 mm |
Capital Management Co. VII, L.L.C. Benchmark | 19.47 mm | $8.64 mm |
Allianz Asset Management GmbH | 3.72 mm | $63.00 k |
Ionic Capital Management | 3.39 mm | $56.98 mm |
Walleye Capital | 3.20 mm | $53.83 mm |
LMR Partners | 3.07 mm | $51.58 mm |
Ancient Art | 2.17 mm | $36.54 mm |
Integrated Core Strategies | 976.71 k | $8.40 mm |
Davidson Kempner Capital Management | 321.51 k | $5.40 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Oct 23 | Kurt Wehner | Common Stock | Payment of exercise | Dispose F | No | No | 2.36 | 32 | 75.52 | 5,404 |
15 Sep 23 | Kurt Wehner | Common Stock | Sell | Dispose S | No | No | 4.25 | 1,391 | 5.91 k | 5,436 |
16 Aug 23 | Capital Management Co. VII, L.L.C. Benchmark | Class A Common Stock | Sell | Dispose S | Yes | No | 0.1587 | 4,329,355 | 687.07 k | 9,735,654 |
15 Aug 23 | Capital Management Co. VII, L.L.C. Benchmark | Class A Common Stock | Sell | Dispose S | Yes | No | 0.2003 | 5,406,301 | 1.08 mm | 14,065,009 |
News
Can WeWork Find Stability? Ousted CEO Adam Neumann's Over $500M Bid Signals Potential Shift In Ownership For Struggling Coworking Space Player
26 Mar 24
Adam Neumann Makes Over $500M Bid To Reclaim WeWork: Report
26 Mar 24
From London To Wall Street: WeWork Rival IWG Reportedly Eyes US Listing For Enhanced Valuation
5 Mar 24
WeWork Founder Adam Neumann Enlists Musk's Lawyer In Fight To Buy Company Back: The Latest In Penny Stock Saga
7 Feb 24
Former WeWork CEO Adam Neumann Wants To Buy His Old Company Back With Hedge Funder's Support (UPDATED)
6 Feb 24